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61 Northgate 1,654 sq ft Retail Property Canterbury CT1 1BB £225,000 (£136.03/sq ft) 5.42% Net Initial Yield
Investment Highlights
- Freehold mixed-use investment in Canterbury city centre
- Ground floor convenience store secured on new 10-year FRI lease
- Passing income of £12,200 per annum
Executive Summary
Freehold mixed-use investment comprising a ground floor convenience store let on a new 10-year FRI lease producing £12,000 per annum, together with £200 per annum ground rent income from a long-leasehold second-floor flat. The vacant self-contained first-floor one-bedroom flat provides immediate asset management potential through refurbishment and reletting or resale, offering scope to enhance income and value. Guide Price: £225,000. VAT not applicable.
Property Facts
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Local Shop
Property Size
1,654 sq ft
Costar Property Class
C
Year Built
1960
Price
£225,000
Price per sq ft
£136.03
Yield
5.42%
NOI
£12,200
Tenancy
Single
Number of Floors
3
Plot ratio
1.27
Total Plot Size
0.03 ac
Amenities
- Security System
- Signage
- Roof Terrace
- Storage Space
- Air Conditioning
- Smoke Detector
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Nearby Major Retailers
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Photos
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61 Northgate
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